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20121219
20121219
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no matter what comes out of washington.. why traders are convinced.. there will be no falling off a fiscal cliff. in today's cover story.. why retailers and wall street firms are stepping away from gunmakers. plus- who has more power millenniels or baby boomers.. the surprising answer.. and what will interest rates look like in 2013? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas good morning. it's wednesday december 19th. i'm angela miles. in today's first look what is the market telling us? stocks rallied once again yesteday..in what traders view as a sign a deal to avert the so called fiscal cliff.. is highly likely. money pulled out of gold -- which is considered a safe haven.. and instead went into equities.. as well as oil. shares of oracle bounced almost 3% in heavy volume. the tech company surpassed wall street's expectations. oracle is up 28% this year. gas prices are closing in on a 2 year low. the national average for a gallon of unleaded regular is $3.23. it's time now for trader talk with larry sho
. >>> it happening right now in washington, california senator bar bau broxer has called a news conference. this -- barbara boxer has called a news conference. she will be talking about new legislation she will be introducing to toughen security at schools. we're watching it live. this is where it will happen. ktvu will monitor it and we'll let you know what she has to say when she says it. >>> more funerals are planned today for victims of the connecticut schoal scooting. so far, the -- school shooting. three more children will be buried today. people will pay their respects to vick -- vicki soto. she will be buried today. >>> and meantime, we've learned that sandy hook elementary students are not expected to resume classes until january at an empty school building a nearby town. there's also new information about the gunman. there are reports his mother could no longer handle him and he became upset after learning she was taking steps to have him committed to a psychiatric facility. this morning, the chief medical examiner in connecticut says he's searching for any genetic clues that cou
not leave him alone. >>> happening now in washington, d.c. a closed door briefing about the deadly september attacks in libya is now under way. as kyla campbell reports an independent panel released a scathing report about the security measures. kyla. >> reporter: dave, that meeting going on right now is top secret. but we do know that the panel hammered the state department on security in benghazi. this comes three months after christopher stevens antliae others were killed on september 11th. the securitiments is and libyan response fell short. it also raises the possibility that gates the compound could have been left open. while there has been a lot of finger pointing hillary clinton says she accepts any wrong doing tied to the attacks. clinton has been sick and suffered a concussion over the weekend. she will not testify to a hearing tomorrow. this past hour republicans took the air waves saying somebody has to take responsibility. >> in the end look this is on the president and secretary clinton's watch. they bare measure of responsibility here. >> reporter: and despite all the criticis
in washington. as i said on sunday, this should be a wake-up call for all of us to say that if we are not getting right the need to keep our children safe, then nothing else matters. and it's my commitment to make sure that we do everything we can to keep our. children our a lot of things are involved in that. making sure they have decent health care and making sure they have a good education, making sure their parents have jobs. those are all relevant as well. those are not just side issues. but there's no doubt this has to be a central issue. that's exactly why i am confident joe will take this seriously over the next couple months. thank you, everybody. >> very direct questions from jake tapper on the question of guns in america. the newtown massacre a topic and the deadline for the fiscal cliff. first, on the shooting, describing it as complex and difficult process. the president trying to "reduced the epidemic of gun violence in america." imagine access to health care several times and access of our culture that contributes to the culture of violence. steve is back at the whi
, proposals that i then intend to push without delay. this is not some washington commission, not something where folks will study the issue six months and publish a report that gets read and then pushed aside. this is a team that has a very specific task to pull together real reforms right now. i asked joe to lead this effort in part because he wrote the 1994 crime bill than help law enforcement bring down the rate of violent crime in this country. that plant -- that bill also included the assault weapons banned but that was publicly supported at the time by former presidents including ronald reagan. the good news is there's already a growing consensus for us to build from. the majority of americans support banning the sale of military-style assault weapons. a majority of americans support banning the sale of high capacity ammunition clips. a majority of americans support laws requiring background checks before all gun purchases so that criminals cannot take advantage of legal loopholes to purchase a gun from somebody who will not take the responsibility of doing a background check at all.
. >> reporter: a new grass roots it group sent a delegation to washington tuesday to meet with the brady campaign to prevent gun violence and families of victims of the 1999 shooting at columbine high school. >> these people here before you because they refuse to be statistics. they don't want it to happen to the rest of you. >> reporter: more details have emerged. connecticut's medical examiner says nancy lanza was shot in the head four times while she slept. adam lanza is believed to have shot himself in the head. in newtown, connecticut. >> new information now from the nra, the national rifle association broke its silence with a statement about the killings. the group said that nra members were quote, shocked, saddened and heartbroken by the news of the horrific and senseless murders. the nra has said it's offering meaningful contributions to make sure this never happens again. >> bay area state senator introduced a bill that would close major loopholes in california's assault weapons ban. the bill is similar to one last year that prohibits semiautomatic weapons. it will require yearl
happens to the air above berkeley is up to the federal aviation commission. >>> in washington republican leaders offered what they're calling a plan b as a solution to the so called fiscal cliff crisis. john boehner suggested raising taxes only on those making more than $1 million a year and cutting federal spending by a trillion dollars: but some say they will not support any tax increase. and democrats say the gop's plan b will never pass the senate. >> every time we get down to doing something for the long term financial security of this country, they take that football and it's a charlie brown episode. they jerk the ball away. >> reporter: president obama's latest officer would raise taxes on families making more than $400,000 a year and would cut spending by $850 billion. analysts say investor optimism about a deal to avoid the fiscal cliff pushed stocks higher today on wall street. dough isup 115 points. nasdaq was up 43 points. >>> instagram just posted a rule that indicated the company policy would allow instagram to sell photos posted by users. however today instagram said it w
. for now reporting live in washington kyla campbell. >>> baublingback here at home authorities in napa county are trying to identify human remains found in vineyard. sheriff deputies were called to silverado trail. authorities tell the napa valley patch it appears recent rains may have washed those remains down the creek. investigators hope to go back to that scene today to collect more evidence. >>> in san leandro a bank robber got away moments before police arrived. it happened tuesday evening at the u.s. bank just off east 14th street just a couple blocks from davis street. around 4:00 in the afternoon a man in his 20s wearing a dark jacket and hooded sweatshirt walked into the bank and handed a note to the teller demanding money. the suspect escaped with an unknown amount of cashen if >>> police need your help identifying a man suspected of robbing another u.s. bank around noon yesterday. you are looking at surveillance pictures from the incident. the man demanded money from the teller. he did not show a weapon, he did get away with an undisclosed amount of money as well. that susp
Search Results 0 to 7 of about 8